Aegion (NASDAQ:AEGN) Downgraded by BidaskClub

BidaskClub downgraded shares of Aegion (NASDAQ:AEGN) from a buy rating to a hold rating in a report issued on Friday, January 5th.

AEGN has been the subject of several other research reports. Hilliard Lyons downgraded Aegion from a buy rating to a neutral rating in a research note on Thursday, December 21st. Stifel Nicolaus reissued a hold rating and set a $26.00 price objective on shares of Aegion in a report on Thursday, December 14th. TheStreet cut Aegion from a b- rating to a c rating in a report on Thursday, November 2nd. Zacks Investment Research cut Aegion from a buy rating to a hold rating in a report on Wednesday, January 3rd. Finally, ValuEngine raised Aegion from a hold rating to a buy rating in a report on Tuesday, September 12th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $26.75.

Aegion (AEGN) opened at $26.34 on Friday. Aegion has a 12-month low of $19.11 and a 12-month high of $28.19. The firm has a market capitalization of $856.76, a P/E ratio of -21.77, a PEG ratio of 1.53 and a beta of 1.77. The company has a current ratio of 2.36, a quick ratio of 2.09 and a debt-to-equity ratio of 0.65.

Aegion (NASDAQ:AEGN) last announced its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.06. The business had revenue of $341.87 million during the quarter, compared to the consensus estimate of $328.98 million. Aegion had a positive return on equity of 7.62% and a negative net margin of 3.03%. Aegion’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share. research analysts predict that Aegion will post 1.09 EPS for the current fiscal year.

In other news, CFO David A. Martin sold 10,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the chief financial officer now directly owns 101,430 shares in the company, valued at approximately $2,434,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David F. Morris sold 9,239 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $28.05, for a total value of $259,153.95. The disclosure for this sale can be found here. Company insiders own 3.62% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AEGN. Northern Trust Corp grew its position in Aegion by 31.1% during the 2nd quarter. Northern Trust Corp now owns 860,285 shares of the construction company’s stock worth $18,823,000 after acquiring an additional 203,912 shares during the last quarter. Boston Partners grew its position in shares of Aegion by 17.8% in the 3rd quarter. Boston Partners now owns 1,213,459 shares of the construction company’s stock worth $28,249,000 after buying an additional 183,579 shares during the last quarter. Thrivent Financial For Lutherans grew its position in shares of Aegion by 65.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 370,323 shares of the construction company’s stock worth $8,103,000 after buying an additional 146,670 shares during the last quarter. First Trust Advisors LP grew its position in shares of Aegion by 40.8% in the 3rd quarter. First Trust Advisors LP now owns 437,891 shares of the construction company’s stock worth $10,194,000 after buying an additional 126,788 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Aegion by 9.3% in the 3rd quarter. Royce & Associates LP now owns 959,893 shares of the construction company’s stock worth $22,346,000 after buying an additional 82,000 shares during the last quarter. Institutional investors and hedge funds own 92.96% of the company’s stock.

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About Aegion

Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.

Analyst Recommendations for Aegion (NASDAQ:AEGN)

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